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GBP/USD continues to hold its own as EUR/USD slips
The GBP/USD is still holding on well this morning, despite further downside in the EUR/USD. That has seen the Euro test the most recent and 2024 low seen last week, at 1.0813. The low seen a little earlier was set at 1.0814. So, it has held that 2024 low so far and rebounded modestly. At the same time, the cross dynamics of what has just been mentioned as pushed the EUR/GBP down to a fresh 2024 low at 0.8513,. That move continues to endorse all that has been outlined here earlier in respect of that cross price action. The EUR/GBP fall and not just the firmer dollar index (USDX) is clearly also a driving force behind the downside drift in the EUR/USD this morning. It is just now trading at 1.0822
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